Trading $DGB Digibyte on Poloniex as it skyrocks - Know how to avoid panic sells.
trading·@aaronmda·
0.000 HBDTrading $DGB Digibyte on Poloniex as it skyrocks - Know how to avoid panic sells.
This is how I know which dips to sell and which dips to buy. Pay close attention to my order grouping and throttle settings on Poloniex. What it looks like close up and from far away make a world of difference and give you more time to work with when deciding on quick day trades and swing trades  As you can see in the picture above. There's significant support from 2100 sats down, this has held ever since DGB crossed 2100. The resistance at 2200 and above has been coming and going, not stable at all suggesting Bots are throwing up phantom ask walls to accumulate more DGB from panic sales. you will see the real resistance is at 3000 sats. I expect we will see 3k by the end of the day. I could be wrong but I have bet 56% of my portfolio on it.  As you can see from the image below the other trick is to not trade on Poloniex at all but to use it as an indicator while making your trades somewhere else like Bittrex, or Bitfinex or even Cryptopia is more stable than Poloniex these days. Really Bittrex seems like the only viable alternative for trading altcoins in the United States. If you are in Europe, Africa, Asia, or Australia you probably have other options. Here in the United States however Bittrex is closest in volume and closest in alt trading pairs to Poloniex. Kraken has some decent options and a great trading platform but nowhere near the pair selection of Bittrex and Poloniex. There is of course Cryptopia and while they are pretty stable they simply don't have the volume needed to do quick trades. Certainly useful for trading over days weeks and months. While I do hold an account there like most exchanges (it's always good to have options) I really have not experimented with trading on Cryptopia that much to be honest.  Aaron M Daley Daley Bitcoin News https://twitter.com/aaronmdaley/status/871103500549095424 